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Trump Says Iran Deal May Come Fast, Predicts Oil Price Collapse

U.S. President Donald Trump speaking during a public address, discussing Iran, energy markets and U.S. economic performance.

U.S. President Donald Trump speaking during a public address. (Image White House)

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By TRH World Desk

Trump Says Tehran Wants Deal ‘Badly,’ Expects Quick Resolution

Washington, May 20, 2026 — U.S. President Donald Trump said Tuesday that efforts to resolve tensions with Iran were progressing rapidly. He expressed confidence that a deal could be reached soon. Trump insisted that Tehran would not be allowed to acquire nuclear weapons.

Speaking during remarks on the economy and foreign policy, Trump said negotiations were moving at speed. He suggested a breakthrough could have major implications for global energy markets.

“We’re going to end that war very quickly,” Trump said. He added that the parties involved “want to make a deal so badly” and were exhausted by years of conflict.

Trump also predicted a sharp fall in oil prices if tensions ease. “You’re going to see oil prices plummet,” he said, adding: “There’s so much oil out there, they’re going to come plummeting down.”

Trump Links Iran Effort to Economic Momentum

The US president tied the Iran issue to broader economic performance, highlighting stock market strength, employment figures and job growth.

Trump claimed the U.S. economy had recently recorded some of its strongest indicators, citing historic employment levels and strong market performance.

“We hit the best numbers that we’ve ever hit as a country,” he said, while adding: “Jobs the best, everything was the best, stock market the highest.”

Trump argued that despite strong domestic indicators, his administration decided it had to confront the Iran issue directly. “We have to stop them,” he said. He added, saying: “They have nuclear on their mind and we’re not going to let them have a nuclear weapon.”

 “Hopefully We Get It Done in a Nice Manner”

Trump indicated that Washington was seeking a diplomatic resolution but maintained a hard line on Iran’s nuclear ambitions. “We’ve done a hell of a job and we’re, I think we’re going to be finished with that very quickly,” he said.

“And they won’t have a nuclear weapon. And hopefully we’re going to get it done in a very nice manner,” Trump added.

The remarks come amid continued international focus on Iran’s nuclear programme and growing market sensitivity to any geopolitical developments affecting oil supply and regional stability.

Any easing of tensions involving Iran could influence global crude markets given the country’s significant energy reserves and strategic position in Middle Eastern energy routes.

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